Option Workshop blog #templates

Monday, 24 October 2016

Option Workshop, version 16.10.1227

In the new version of Option Workshop we have improved the fill manager’s functionality: improved working with several fills simultaneously, added new features and fixed some bugs. Also there are minor changes in strategies charts and templates. The details are below.

Fill manager

First of all we have improved its ability to work with several fills and added an ability to:

  • drag several fills simultaneously to a target strategy,
  • select a range of fills in the table by holding the Shift key.
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   fills pl positions release templates main-site new-feature

Wednesday, 28 September 2016

Development plan of Option Workshop in October/November

After the release we have received some good suggestions for program improvement. Thank you for your response. Thus, the development plan of Option Workshop in October/November:

  1. Show the open interest volume in the Option Desk.
  2. Display the theoretical price in the Order book.
  3. Add the ability to change the option type of the modeled position.
  4. Add standard strategy templates.
  5. Add the ability to include an underlying asset to the strategies templates.
  6. Add the option to change the update rate of the data exported via DDE.
  7. Improve the volatility charts.
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   options-desk positions templates volatility main-site new-feature

Friday, 23 September 2016

What`s New in Option Workshop version 16.9

September is here and we have a whole new major update to talk about. There are several new features that have been added to Option Workshop to help our users trade as efficiently and effectively as possible. Without further ado, I’m going to talk about each of these feature, and what they allow.

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Thursday, 15 September 2016

Strategy Templates Syntax

Strategy templates enable our users to design custom options spread templates. These spread templates can then be applied to any option series using the Spread desk.

Creating a strategy template

To open the strategy templates manager window, click on the strategy templates icon in the main menu.

The new updated main menu
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   option-spread templates ui-prototype new-feature

Tuesday, 23 August 2016

Strategy templates

With this post we are going to open a category of publications, where we write about our plans to implement new features into Option Workshop. We hope these posts will turn into a dialog with users, so everyone is welcome to comment about these post here at our blog, in our facebook and google plus pages or at the support portal/forum.

The need

There are different approaches to options trading. One of them is trading standard options combinations, like butterflies, vertical spreads and so on. Beginners can simply buy/sell one of these combinations with the hope that the price of the underlying will be within a profitable range. Advanced traders will manage the position over its lifetime. But both beginners and advanced traders need to find a convenient way to observe and discover the best opportunities to open any position.

Traders need a fast way to understand all of the following factors: the price, the greeks, the maximum profit and the maximum risk if they opens a spread at a particular strike.

Another need is the ability to create custom templates, for spread trades that are regularly put on. For example, some traders like to trade ‘standard’ butterflies that only have a one strike distance or ‘step’ between the leg and the center. Others trade a ‘wider’ butterfly with a 2 or 3 strike step between the wing and the core. With a custom template, it will be possible to specify the difference between the step, be it a 1, 2 or 5+ strike distance. Additionally, because of it’s flexibility, you could build the butterfly out of calls or puts, or any combination of both.

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   option-spread templates ui-prototype main-site new-feature